Wednesday, October 24, 2012

Market Timing Update (10/24/12)

[EOD] Stocks -
INDU is approaching a pattern-implied target (Chart 1). In addition, Chart 1 presents the top tracking counts. Chart 2 offers a squiggle count on SPX.

[120pm] SPX update -
color coded tracking counts from the recent swing high.

[945am] ES update -
A small-degree wave [v] down appears likely (red). See chart.